Adverse Effects of New Tax Law A drafting error has been discovered in the new tax law that may adversely affect retailers and restaurant owners planning improvements. Under the new tax law, the tax burden for building improvements has...

What is a 1099 Employee? A 1099 Employee is someone who receives a 1099 from their employer instead of a W2. A 1099 Employee is considered a subcontractor instead of an employee. This person is not entitled to the benefits of an employee. Any...

IRS Subcontracting Collections of Past Due Taxes The IRS began subcontracting collections of past due taxes to third-party private debt collectors in 2017. These collection agencies have been able to set up payments with about 4,100 delinquent...

What is an IRS Tax Levy? An IRS tax levy allows the IRS to seize and sell your property. This property includes: wages money in the bank or other financial accounts vehicles real estate other personal assets This action is taken by the IRS to...

If you haven’t heard the story yet, you can read an excellent account here https://www.forbes.com/sites/kellyphillipserb/2018/05/16/facebook-loses-bid-to-move-7-billion-tax-case-to-appeals/#38251a017f99. We have mentioned The Taxpayer Bill...

Summer is finally here. While the kids are thrilled, mom and dad are sometimes scrambling to find a summer day camp and how to pay for it. The best way is to use your dependent care FSA. If you or your spouse’s employer has an FSA available...

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